Pakistan

Govt working to curb money laundering: Dar tells WB

ISLAMABAD: Federal Minister for Finance Senator Mohammad Ishaq Dar on Saturday apprised the World Bank that the government was actively working on ensuring a legislative and regulatory framework to curb money laundering and ensure transparency in fiscal governance.

He said this in a meeting with a World Bank delegation led by World Bank Country Director for Pakistan Patchamuthu Illangovan.

The World Bank country director briefed the minister regarding international best practices on anti-money laundering.


Read More: Pakistan tightens its anti-money laundering law


He also briefed the minister on the international best practices on corporate governance sector, global registry and relating to banking financial institutions.

The meeting was attended by senior officials of Ministry of Finance and World Bank.

Pakistan’s parliament had in November this year approved amendments to an anti-money laundering law to make it more effective in targeting the financing of extremists and bring it into line with global standards.

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